In response to:

Big, Evil Oil Companies Pay Most in Taxes

PaddyL Wrote: Mar 19, 2013 2:38 PM
Where did you get those numbers? Exxon paid $31 billion of tax on $79 billion of taxable income. Taxes paid are 39% of taxable income.
psydoc Wrote: Mar 19, 2013 2:50 PM
The actually reported 42% taxable income; however, they did pay, in actual dollars, around 2%. Much of that $31 bil was expensed.
Cooperwise Wrote: Mar 19, 2013 3:25 PM
and/or payed to foreign governments.
MudontheTires Wrote: Mar 20, 2013 2:43 AM
Cooperwise Wrote: Mar 19, 2013 2:47 PM
Tax expense and stated rate IS NOT the amount of federal taxes paid.

Chevronactually paid paid 4% of earnings...not the 26% rate it listed.
tibby2 Wrote: Mar 19, 2013 2:54 PM
Net earnings or gross earnings?
JamesB2 Wrote: Mar 19, 2013 3:03 PM
Last post it was 2%, now its up to 4%. You talk like your messiah...out your .....
Cooperwise Wrote: Mar 19, 2013 3:16 PM
Exxon 2% of its tax provision to US
97%+ to foreign governments.
psydoc Wrote: Mar 19, 2013 3:20 PM
A tax, is a tax, is a tax.

It's no surprise liberals love taxes. The new Democratic Senate budget calls for $1 trillion in tax increases in order to offset $1 trillion in new spending. But liberals who constantly demonize big oil are biting the hand that feeds and fulfills their big govenrment spending dreams. It turns out, big oil companies like Exxon Mobile and Chevron pay the most in taxes out of any other company. 

1. ExxonMobil
• Income tax expense: $31.05 billion
• Earnings before taxes: $78.73 billion
• Revenue: $428.38 billion
•1-year share price change: 6.56%
•...

Related Tags: Big Oil Taxes